Data / Bank failures / 1985 / Urbana Savings Bank
Urbana Savings Bank, Urbana, IA: failed June 21, 1985
Urbana Savings Bank in Urbana, Iowa, failed on June 21, 1985. Peoples BANK&TRUST Co of Cedar Rapids, IA, took over its deposits. It held $7.2 million in assets and $6.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $810,302 (11.3% of its assets). By assets it was the 157th largest of 180 banks closed or assisted in 1985.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- June 21, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Peoples BANK&TRUST Co, Cedar Rapids, IA
- Total assets
- $7,158,000
- Total deposits
- $6,325,000
- Estimated cost to the FDIC
- $810,302 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13153
Other bank failures in Iowa, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Climbing Hill Savings Bank | Climbing Hill | December 3, 1987 | $5.4 million | $5.3 million | $646,363 | First TRUST&SAVINGS Bank |
| Farmers State Bank | Kanawha | July 30, 1987 | $15.9 million | $15.3 million | $2.4 million | First NB of Clarion |
| Osceola State Bank & Trust Company | Osceola | April 23, 1987 | $8.6 million | $7.7 million | $1.6 million | American State Bank |
| The First State Bank | Rockford | March 4, 1987 | $15.8 million | $15.2 million | $1.4 million | First Security BANK&TRUS |
| State Bank of Allison | Allison | February 5, 1987 | $17.4 million | $17 million | $1.5 million | Lincoln Savings Bank |
| Latimer Bank & Trust | Latimer | January 15, 1987 | $23.2 million | $22 million | $3.2 million | First NB of Clarion |
| Graettinger State Bank | Graettinger | August 7, 1986 | $11.8 million | $11.5 million | $710,929 | Swea City State Bank |
| Citizens State Bank | Iowa Falls | July 31, 1986 | $54 million | $53.5 million | $4.8 million | Green Belt BANK&TRUST |
All bank failures in 1985 · All bank failures in Iowa · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.